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Janice's salary is $62,000. The CPP contribution rate currently is 5.95% and the YMPE is $66,600. What is her annual CPP contribution? a. $3,480.75 b.

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Janice's salary is $62,000. The CPP contribution rate currently is 5.95% and the YMPE is $66,600. What is her annual CPP contribution? a. $3,480.75 b. $3,689.00 C. $3,962.70 d. $3,754.45 Janine plans to save $6,000 a year for the next 6 years to put into her RRSP. She will place the funds at the beginning of every year in a highly diversified mutual fund portfolio which offers a nominal rate of return of 6%. Inflation is expected to be 5% over the next six years. How much will she have in real dollars by the end of six years? a. $44,363 b. $42,852 c. $37,219 d. $36,868 Joan is a member of a non-contributory DCPP where the contribution rate is 7%. Her salary is $55,000. Her company also has a DPSP. In 2021 , her company contributed $3,850 to the DCPP on her behalf and $1,100 to the DPSP. In 2022 she can contribute how much to her RRSP? a. $13,050 b. $1,100 c. $4,950 d. $9,200

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